What do I need to apply?
As part of the application process, you will need to provide the following:
Your ID and Social Security Number (or Alien Number or ITIN)
Your address and phone number(s)
Your source(s) of income
An open checking account
Have a question?
Contact our Customer Service Team between 6am and 11pm PST, seven days a week.
Phone: 877.613.MONY (6669)
What is the term of a payday loan?
The term of a payday loan is determined by the frequency of your paydays. If you are paid weekly, biweekly, or twice monthly you can choose to repay your loan on any payday within 24 days. If you are paid monthly, your loan will be due on your next payday. If your next monthly payday is within 9 days from the date you take out the loan, you can choose to repay your loan on the subsequent payday.
How much does a payday loan cost?
A payday loan costs $16.50 per $100 borrowed. For example, if you borrowed $100 and your payday was 14 days away, the APR (Annual Percentage Rate) would be 430.18%*, and you would owe $116.50 on the date of your next payday.
*The Annual Percentage Rate (“APR”) is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.
Customer Notice: A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions.
Moneytree is licensed by the Idaho Department of Finance and registered with the federal government as a Money Services Business (MSB).
Moneytree is a member of the Community Financial Services Association (CFSA), the Financial Service Centers of America (FiSCA), California Financial Service Providers Association (CFSP), and the Colorado Financial Services Centers Association (COFiSCA). Moneytree actively supports laws, regulations and industry best practices that protect consumers and preserve access to credit. As a member of the Community Financial Services Association of America (CFSA), our company encourages responsible industry practices and proudly supports and abides by CFSA’s Best Practices